Real Estate Sales on Maui
August Preliminary Results
It is a Buyer's Market in Paradise
We don't have the official numbers from the Realtor's Association of Maui yet, but a review of our MLS shows record low sales in Maui once again.
In June we reported 55 condo sales on the island. That was the lowest number in over 5 years. Now, with only 50 sales reported so far, August will take over as the slowest month in over 5 years.
In July, 63 sales were reported. That made 168 condo sales for the summer season, typically our second busiest season of the year.
For comparison, in 2005 there were 6 individual months in which the number of condo sales exceeded 168 units. That year there were 194 sales in June, 228 in July and 187 August for a total of 609 summer sales compared to our 168 this year.
If there were any questions about this being a buyer's market, consider them answered.
Lee Potts
Lee@AlohaPotts.com
www.AlohaPotts.com
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